In today's online poker climate, your rakeback hourly is just as important as profits earned at the tables. It forms a vital part of your bb/100 winrate; for many players it is their winrate.
Take for example a talented recreational player sitting down at a $0.25/$0.50 table online. He beats his buddies handily in his unraked home games, and does the same in the virtual arena, winning at a decent clip of 8 bb/100.
However, since rake on many sites is ~10bb/100 at 50nl, he's actually a net loser after rake. He's making all the right plays, out-manoeuvring his opponents, picking his spots well and bluffing with the best of 'em.
His only wrong move was to sign up without a rakeback deal. If he received e.g. 50% rakeback through an affiliate site, common on many networks, he'd go from a -2bb/100 loser to a 3bb/100 winner overnight.
Instead he is frustrated by the online game and quits, telling his friends the game is likely 'rigged'. Such is the sad state of affairs on many online poker rooms. With high rake and some stiff competition opponents out there, it's essential to shop around for the best rakeback deal.
In a shocking incident of a poker game gone badly, Spiderman actor Tobey Maguire along with a group of other actors is being sued by investors, who lost all their money which was stolen from them in a Ponzi scheme. Although the reports reveal that other Hollywood biggies like Leonardo Dicaprio, Matt Damon etc. were among the others present at this private poker game; they have not yet been not named in the lawsuit. The fund manager confessed to having lost 5.2 million in this poker game, which reportedly belonged to the investors. Reports also suggest that although it was the manager who duped many people in this private game of poker; the lawsuit however, has been filed only against those people who actually won at this poker game. It is being said that it was a no holds bar kind of high stakes poker game with millions of dollars at stake.
A plenty of cash and lots of Drama is expected from the upcoming world series of poker. The world series of poker fest is all geared up to begin soon, in previous 29 poker events a huge number of 29,421 participants flocked and won $52,502,260 as prize money.
The world series of poker is looked upon as the biggest global poker event, as participants from more than 74 countries have taken part in this event, 62 out of which came up as winners. However it's no surprise that USA has produced most number of champions at the world series of poker.
The average age of participants at the world series of poker has been 36 years, but when we look at the average of the winners at the event it turns out to be only 28 years.